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salpro22,
I have a rough idea, but I will get the info for you. I forgot to point out, but this is strictly individually issued health insurance, mostly HSAs. And most of the appointments are to small businesses either 2-9 employees. No small group plans are sold (I'll have more later on this if you want). If they cross sell, say a life policy, she does not get as big a cut. On the other hand, if they do not sell a health policy but do sell a life, etc., she's on for her 20%. She's not on any referrals coming from the appointments.
As usual, I digress. It's something like $25 a set appointment and 20% of the agents' commissions.
Hope this helps.
I have a rough idea, but I will get the info for you. I forgot to point out, but this is strictly individually issued health insurance, mostly HSAs. And most of the appointments are to small businesses either 2-9 employees. No small group plans are sold (I'll have more later on this if you want). If they cross sell, say a life policy, she does not get as big a cut. On the other hand, if they do not sell a health policy but do sell a life, etc., she's on for her 20%. She's not on any referrals coming from the appointments.
As usual, I digress. It's something like $25 a set appointment and 20% of the agents' commissions.
Example:
$3,000 annual premium at 15% commission = $450
$450 annual commission X 20% = $90
20 appts/wk X $25/appt X 50 wks = $25,000
10 apps/wk X $3,000/app X 50 wks X 3% (20% of the agent's 15%) = $45,000
That's $70,000. They live in Nebraska. Price of living is no where near that of Stamford, CT. She's home at night and on weekends. They are not out to create a mega agency, just a nice living for a handful of agents. With businesses, they have mostly daytime appointments and the occasional evening and weekends. $3,000 annual premium at 15% commission = $450
$450 annual commission X 20% = $90
20 appts/wk X $25/appt X 50 wks = $25,000
10 apps/wk X $3,000/app X 50 wks X 3% (20% of the agent's 15%) = $45,000
Hope this helps.